Practice Government’s Role In The Economy (2.9)

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10 questions

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6 sample questions

Question 1.
Name two public sector undertakings in India.
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Think of large government-owned companies in steel, oil, power or coal.
Question 2.
What is a public good? Give two examples.
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Ask whether people who do not pay can be stopped from using it.
3Question 3.
Which body regulates the stock market in India?
- RBI
- SEBI
- NITI Aayog
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Its name includes the word "Securities".
4Question 4.
Which of these is a public good?
- A street light
- A private car
- A mobile phone
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Which one can everyone use at the same time without paying?
Question 5.
A town's only bus company is private. It has raised fares sharply, and it does not run buses to the poorer villages around the town because they are not profitable. How could the government respond, using its different roles?
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Go through the roles of regulator, producer, provider and welfare one by one.
Question 6.
"After 1991, the government's role in India's economy became smaller." Do you agree? Give a balanced answer.
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Separate the roles that shrank from the roles that grew.

6 more questions in this section. Enroll free to practise them all.